Kadant Corporate

News Release

Kadant Appoints John Allen to Board of Directors

April 10, 2002 at 10:42 AM EDT
ACTON, Mass., Apr 10, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) has appointed Dr. John K. Allen a director of the company. Dr. Allen, age 49, is chairman, president, and chief executive officer of Lawrence R. McCoy & Co., Inc., a privately held wholesale distributor of specialty building products based in Worcester, Massachusetts.

From 1999 to 2001, Dr. Allen was a principal of Allen Associates, a national management consulting practice that he founded in 1985 to assist companies in strategic planning, executive development and selection, and organizational management. He was with WPI Group, Inc., a diversified public company that designs and manufactures power conversion products, handheld terminals and computers, and related software products, from 1994 to 1998. During that time, he held several executive positions, most recently group vice president of power solutions. He served as president of Allen Associates from 1985 to 1994.

"I'm pleased to welcome John to our board," said William A. Rainville, chairman and chief executive officer of Kadant. "He brings a diverse - and relevant - set of experiences, from his earlier work in management development and strategic planning, to industrial operations, to his more recent role heading a building products distribution firm."

Dr. Allen earned a bachelor's degree in psychology from Trinity College in Hartford, Connecticut, in 1974, and master's and doctorate degrees in counseling and personnel services from the State University of New York at Albany in 1976 and 1979, respectively.

Kadant Inc. is a leading supplier of a range of products for the global papermaking and paper recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and papermaking accessories. The company also develops and manufactures composite building materials produced from natural fiber and recycled plastic. Kadant, based in Acton, Massachusetts, reported $221 million in revenues in 2001 and employs approximately 1,100 people worldwide. For more information, please visit www.kadant.com

CONTACT:
Kadant Inc.
Thomas M. O'Brien
978-776-2000

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